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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.18 April 1, 1959 CONSUMER INSTALMENT CREDIT AT COMMERCIAL BANKS FEBRUARY 1959 . Consumer instalment credit outstanding at commercial , banks at the end of February amounted to $12,884 million, $28 "• million above a month ago and $433 million above a year ago. Increases in automobile paper and personal loans during the month more than offset declines in other types of credit. . Bulk repurchases of consumer goods paper other than automobile by retail outlets accounted for a large part of the decrease in this item. Extensions of credit during the month were somewhat less .than in the preceding month, but continued above a..year earlier. Consumer instalment - Credit at Commercial Banks (Estimates. In millions of dollars) j Amounts outstanding j Change from: Feb. 28, Month Year 8RO 1959 Type of credit' Automobile paper Purchased^ Direct Other consumer goods paper .Repair and modernization loans .Personal loans 3,993 2,239 2,342 1,594 2,716 Total 1 2 , 8 8 4 1 +31 +23 -30 -11 +15 + 37 + 38 + 57 +346 +28 +433 - !1,227 I -106 i1 Boston I\Tev York Philadelphia j j | 659 2,204 902 + 10 - 1 | + 7 + 78 j - 3 . + 31 Cleveland Richmond. 'Atlanta' j j j 882 931 1,068 | + 1 + 2 | + 5 + 59 | +10 • +j; 95 Chicago St. Louis Minneapolis | | j 1,752 572 486 | -23 i + 3 |+ 1 Kansas.City Dallas San Francisco j 644 670 2,114 + 7 0 +21 - 8 + '358 228 - 2 + 217 | - 6 5 + - 10 + 78 346 - 21 + ^ Federal Reserve District: - Volume extended Change from: Month (Year ago . BRO Feb. 1959 + • 4 • + 9 f 50 81 48 25 9 $5 +218 . 60 193 7 2 • - 5 + 11 - 18 + 31 - 14 + 1 5 ;! 80 1 - 13 !+ 16 . 9 6 1 - 3 !+ 2 1 | 114 j - 5 + 24 1 5 6 1 - 44 54 | - 1 44 1 - 12 66 t- 64 ij-. 1 0 .70 1+41 222 1 i f 22 • 6 ,f f 2 - j - 1. 1+ 12 j - 1 1 + 7 i + 11 |+ 51 J
@FedFRASER